CalAmp announces $200M of senior notes and upsizing of stock repurchase program

|About: CalAmp Corp. (CAMP)|By:, SA News Editor

CalAmp (CAMP -0.3%) announces $200M convertible senior notes due 2025 in a private offering, and expects to grant to the initial purchasers an option to purchase up to an additional $30M.

The company expects to use the proceeds to repurchase up to ~$25M shares, and part of outstanding $172.5M of its 1.625% convertible senior notes due 2020.

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